Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.When Sir Keir Starmer first approached Sue Gray early last year to be his chief of staff, he believed the veteran civil servant would bring her long Whitehall experience to Labour’s preparations for government. He hoped she would be a poacher-turned-gamekeeper, able to break through Britain’s sometimes turgid bureaucracy and teach Labour politicians — after 14 years in opposition — about the machinery of government.Starmer’s defenestration of Gray on Sunday, after barely 90 days as UK prime minister, was an admission that the…

By Sinéad Carew and Lisa Pauline Mattackal (Reuters) -U.S. stock indexes closed lower on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve interest-rate easing and worried about the Middle East conflict’s impact on oil prices. While waiting for quarterly earnings season and fresh economic data, investors also braced for another big hurricane, Milton, which is expected to hit the United States this week. Relief efforts are under way after Helene, a Category-4 hurricane that killed more than 200 people across six states. Further dampening sentiment on Monday was an order from a U.S. judge for…

With the crypto market anxiously awaiting what ‘Uptober‘ could have in store for Bitcoin, one finance expert has predicted that BTC could reach a new all-time time high by Halloween. Although the asset has yet to live up to its October potential, there is still room for it to increase before the 31st holiday.Although it had struggled at the start of the month, Bitcoin has been steadily gaining for several weeks. That is predicted to be just the beginning by many. Indeed, several analysts have predicted a return to the $70,000 level before the end of the month.Also Read: Here’s…

Danita Johnson made history as the first Black executive to lead a Major League Soccer (MLS) club when she was appointed president of DC United in December 2020.  Before her current role, Johnson had worked for years in basketball with the WNBA’s Los Angeles Sparks and the NBA’s Los Angeles Clippers. During her time with both organizations, she learned what operational excellence in the business of sports looks like.  “Working in the WNBA and NBA family, you’re going to get some of the best of the best business practices,” Johnson said during a mainstage interview at Fortune’s COO Summit in…

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ETH attempted a recovery, but a rally could be subdued amid evidence of low demand. Assessing the impact of surging exchange reserves and the state of exchange flows. Ethereum [ETH] finally managed to recovery slightly from last week’s massive wave of sell pressure. Although it has recovered slightly in the weekend, there are some signs suggesting that it might not be a smooth recovery this week. After concluding September on a bearish leg, ETH sell pressure finally eased on Thursday after a 15% retracement. This was followed by a bit of bullish momentum during the weekend, leading to a 7%…

Annabelle Chih / Bloomberg / Getty Images Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024Key TakeawaysSuper Micro Computer shares surged Monday as the server maker reported strong shipments of its GPUs, driven by artificial intelligence (AI) demand.The server maker said it recently deployed 100,000 GPUs. with its liquid cooling technology to “some of the largest” AI factories.CEO Charles Liang said “state-of-the-art” data center operators are turning to Super Micro Computer’s products to meet their technical and financial goals.Super Micro Computer (SMCI) shares soared Monday as the server maker reported strong shipments…

Investing.com — JPMorgan analysts downgraded Mobileye to Underweight from Neutral, citing concerns over the company’s SuperVision product and its growth outlook. The downgrade comes with a revised price target of $10, down from $16, as JPMorgan’s confidence in SuperVision’s volume ramp has diminished due to challenges with market penetration and competition. The main issue driving the downgrade is Mobileye’s loss of a key contract with Zeekr, which opted to replace SuperVision with an in-house solution. This development, combined with limited traction with Western original equipment manufacturers (OEMs), has led JPMorgan to lower its expectations for SuperVision’s growth through the end of…

New Ethereum meme coin Moodeng has experienced a notable 480% surge in the last 24 hours, following a nod of approval from Vitalik Buterin. The MOODENG token, inspired by the Thai baby hippo Moo Deng, was created in September and has already boomed over 4000% since its launch. Buterin, a co-founder of Ethereum, recently took to social media and mentioned MOO DENG in a post, which investors saw as a huge price catalyst.Vitalik Buterin recently sold 10 billion MOODENG for 308.69 ether (ETH), worth $762K at current prices. He then transferred 260 ETH, or $642,000, to the charity Kanro on…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Militants fired on Israel from multiple fronts as the country marked the first anniversary of Hamas’s deadly October 7 attack, which triggered a devastating war in Gaza in a conflict that threatens to destabilise the entire region.In the year since, the fighting has spread across the Middle East, with Israeli forces exchanging fire with militants in Yemen, Syria and Iraq, launching a ferocious bombing campaign and ground offensive in Lebanon and on the verge of a broader conflict with Iran.Minutes after the…